Mortgage activity fell slightly last week as declines in purchase and refinance applications contributed to the overall decline in activity according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 14th, 2014.

On an unadjusted basis, mortgage loan application volume decreased by one percent from the previous week.

Purchase Applications:

The seasonally adjusted Purchase Index declined by one percent after posting the same one percent decrease the week before. The unadjusted Purchase Index was one percent higher than the previous week but was still 17 percent lower than at the same time a year ago.

Applications to purchase homes have been at or lower than the previous year’s levels for the past twenty-four weeks.

Refinance Applications:

The Refinance Index declined by one percent from the previous week after posting a three percent decline the week before. The refinance share of mortgage activity fell to 56.5 percent of total applications from 57 percent the week before. Refinancing activity is at its lowest level in five years.

Mortgage Interest Rates:

Average Contract Mortgages Rates (80% loan-to-value)

Type of Loan

Interest Rate (%)

Points

Effective Rate

Current

Previous

Current

Previous

30-Year FRM Conforming ($ 417,500 or less)

4.50

4.52

0.26

0.29

Decreased

30-Year FRM Non-Conforming ($ 417,501 or more)

4.39

4.41

0.19

0.20

Decreased

15-Year FRM

3.52

3.53

0.25

0.28

Decreased

FHA 30-Year

4.13

4.18

0.18

0.21

Decreased

5/1 ARM

3.09

3.18

0.38

0.36

Decreased

The adjustable-rate mortgage (ARM) share of activity remained at about eight percent of total applications.

It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.

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HOWMORTGAGELOANRATEUPDATEWORKS

Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.

ADVANTAGES OF USINGMORTGAGELOANRATEUPDATE

FAST & EASY. DATA ENCRYPTED

Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.

NO OBLIGATION. NO HIDDEN FEES

Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.

NO SSN OR CREDIT CHECK

No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

Mortgage activity fell slightly last week as declines in purchase and refinance applications contributed to the overall decline in activity according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 14th, 2014.

On an unadjusted basis, mortgage loan application volume decreased by one percent from the previous week.

Purchase Applications:

The seasonally adjusted Purchase Index declined by one percent after posting the same one percent decrease the week before. The unadjusted Purchase Index was one percent higher than the previous week but was still 17 percent lower than at the same time a year ago.

Applications to purchase homes have been at or lower than the previous year’s levels for the past twenty-four weeks.

Refinance Applications:

The Refinance Index declined by one percent from the previous week after posting a three percent decline the week before. The refinance share of mortgage activity fell to 56.5 percent of total applications from 57 percent the week before. Refinancing activity is at its lowest level in five years.

Mortgage Interest Rates:

Average Contract Mortgages Rates (80% loan-to-value)

Type of Loan

Interest Rate (%)

Points

Effective Rate

Current

Previous

Current

Previous

30-Year FRM Conforming ($ 417,500 or less)

4.50

4.52

0.26

0.29

Decreased

30-Year FRM Non-Conforming ($ 417,501 or more)

4.39

4.41

0.19

0.20

Decreased

15-Year FRM

3.52

3.53

0.25

0.28

Decreased

FHA 30-Year

4.13

4.18

0.18

0.21

Decreased

5/1 ARM

3.09

3.18

0.38

0.36

Decreased

The adjustable-rate mortgage (ARM) share of activity remained at about eight percent of total applications.

It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.

WE VERIFY & TRANSMIT TO LENDERS

Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.

REVIEW YOUR OFFERS

With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.

CHOOSE YOUR LENDER

Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.

HOWMORTGAGELOANRATEUPDATEWORKS

Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.

ADVANTAGES OF USINGMORTGAGELOANRATEUPDATE

FAST & EASY. DATA ENCRYPTED

Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.

NO OBLIGATION. NO HIDDEN FEES

Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.

NO SSN OR CREDIT CHECK

No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

Mortgage activity fell slightly last week as declines in purchase and refinance applications contributed to the overall decline in activity according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 14th, 2014.

On an unadjusted basis, mortgage loan application volume decreased by one percent from the previous week.

Purchase Applications:

The seasonally adjusted Purchase Index declined by one percent after posting the same one percent decrease the week before. The unadjusted Purchase Index was one percent higher than the previous week but was still 17 percent lower than at the same time a year ago.

Applications to purchase homes have been at or lower than the previous year’s levels for the past twenty-four weeks.

Refinance Applications:

The Refinance Index declined by one percent from the previous week after posting a three percent decline the week before. The refinance share of mortgage activity fell to 56.5 percent of total applications from 57 percent the week before. Refinancing activity is at its lowest level in five years.

Mortgage Interest Rates:

Average Contract Mortgages Rates (80% loan-to-value)

Type of Loan

Interest Rate (%)

Points

Effective Rate

Current

Previous

Current

Previous

30-Year FRM Conforming ($ 417,500 or less)

4.50

4.52

0.26

0.29

Decreased

30-Year FRM Non-Conforming ($ 417,501 or more)

4.39

4.41

0.19

0.20

Decreased

15-Year FRM

3.52

3.53

0.25

0.28

Decreased

FHA 30-Year

4.13

4.18

0.18

0.21

Decreased

5/1 ARM

3.09

3.18

0.38

0.36

Decreased

The adjustable-rate mortgage (ARM) share of activity remained at about eight percent of total applications.

It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.

WE VERIFY & TRANSMIT TO LENDERS

Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.

REVIEW YOUR OFFERS

With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.

CHOOSE YOUR LENDER

Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.

ADVANTAGES OF USINGMORTGAGELOANRATEUPDATE

FAST & EASY. DATA ENCRYPTED

Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.

NO OBLIGATION. NO HIDDEN FEES

Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.

NO SSN OR CREDITCHECK

No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

MortgageLoanRateUpdate

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